Details 03 August 2021
According to Nestlé’s latest financial statement, its organic growth reached 8.1%, supported by momentum in retail sales, a return to growth in out-of-home channels, increased pricing and market share gains. By channel, organic growth in retail sales was 7.3%.
At the same time, eCommerce sales grew by 19.2%, reaching 14.6% of total Group sales, with strong momentum in most categories particularly coffee, Purina PetCare and culinary.
Organic growth in out-of-home channels was 21.3%, helped by the easing of movement restrictions in some geographies.
Mark Schneider, Nestlé CEO, said organic growth was strong across most geographies and categories, with robust momentum in retail sales and a return to growth in out-of-home channels. “Through fast-paced innovation, strong brand support, increased digitalisation and stringent portfolio management we have built the foundation for delivering consistent mid single-digit
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